Financial Services
Farmers & Merchants Bancorp, Inc.(FMAO)
Live Price
Offline$28.66
-0.62% today
1Y Change
+20.09%
Window
Jun 25, 2025 โ Jun 24, 2026
- Market Cap
- $370.00M
- Revenue Growth
- +7.1%
- EPS Growth
- +78.9%
- Dividend Yield
- 3.3%
Coverage: 250 bars ยท Jun 25, 2025 โ Jun 24, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Farmers & Merchants Bancorp, Inc. (FMAO) is a Financial Services stock with a market cap of $370.00M and listed on NASDAQ. The stock last traded around $28.66 and up 20.1% across the available one-year price window (Jun 25, 2025 โ Jun 24, 2026). Baseline metrics include revenue growth of +7.1%, EPS growth of +78.9%, a dividend yield of 3.3%. What stands out right now is revenue +7.1%, EPS +78.9%, free cash flow +13.1% with operating margin 24.1% and ROIC 5.3%. The dividend matters to the case here, with a current yield around 3.3%. Valuation is more restrained than many high-expectation growth names at P/E 10.4 and price/sales 2.0. Overall, the current profile looks closer to a income-oriented value setup than a generic broad-market placeholder. Stock Foundry combines FMAO price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Financial Services peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+7.1% vs +3.4% peer median
Operating Margin
Above sector median
+24.1% vs +4.7% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on Apr 27, 2026, but the surprise data is still limited.
The operating story is still moving forward
Revenue is running at +7.1% and EPS at +78.9%, with operating margin around 24.1%.
Shareholder return is still part of the story
The stock is still offering a dividend yield around 3.3%, which matters if the thesis depends on income as much as growth.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged -1.0% over the next 5 trading days and finished higher after 1 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 Apr 27, 2026 | โ | +0.7% | -3.7% | +1.1% |
2026 Feb 12, 2026 | +8.4% | +7.6% | +1.3% | -10.8% |
2025 Oct 27, 2025 | +8.5% | -0.3% | -0.6% | +3.7% |
Benchmark Edge
FMAO vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
FMAO
โ
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
FMAO Max Drawdown
-18.38%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for FMAO and SPY.
Company Overview
Farmers & Merchants Bancorp, Inc.
NASDAQ Capital Market
Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, remote deposit capture or electronic deposit processing, and merchant credit card services. It also offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
- Leadership
- Lars Eller
- IPO Date
- Jan 30, 2006
- Employees
- 482
- Street Address
- 307 North Defiance Street
- Mailing
- Archbold, OH, 43502
- Region
- Archbold, OH, US
- Reporting Currency
- USD
- Investor Line
- 419 446 2501
- Last Updated
- Apr 29, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 10.4
- EV/EBITDA
- 9.4
- Price/Sales
- 2.0
- Price/Book
- 1.0
Growth
- Revenue
- +7.1%
- EPS
- +78.9%
- Free Cash Flow
- +13.1%
Profitability
- Gross Margin
- 63.5%
- Operating Margin
- 24.1%
- Net Margin
- 18.8%
- ROE
- 9.8%
- ROIC
- 5.3%
Balance Sheet
- Debt/Equity
- 0.71
- Current Ratio
- 0.13
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.